Guideline Value for Andi Gounder Street

Andi Gounder Street guideline value

The current guideline value of Andi Gounder Street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in P. Chettipalayam village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of Andi Gounder Street has changed

The guideline value for Andi Gounder Street has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 200 per sq.ft. The latest revision in 2024 increased this value to Rs 220 per sq.ft, reflecting a change of +10% from the previous year.

As of the 2024 revision, the guideline value stands at Rs 220 per sq.ft. This marks an increase from the Rs 200 per sq.ft recorded in 2023. The changes in the guideline value indicate adjustments made by the authorities based on various factors, although specific reasons are not provided in the register.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value in this area is Rs 470 per sq.ft, placing Andi Gounder Street's 2024 figure below that median.

• Annai Velankanni Colony: Rs 780 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 780 per sq.ft (2024)
• Ammasai Gounder Street: Rs 220 per sq.ft (2024)
• Anna Nagar: Rs 550 per sq.ft (2024)
• Amman Nagar: Rs 550 per sq.ft (2024)
• Adhi Dravida Street-Pachapalayam: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Andi Gounder Street

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andi Gounder Street?

The Sub Registrar Office that covers Andi Gounder Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial factor when buying or selling property in P. Chettipalayam. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Andi Gounder Street?

The current guideline value of Andi Gounder Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Andi Gounder Street was Rs 200 per sq.ft in 2023 and has increased to Rs 220 per sq.ft in 2024, marking a change of +10%.

What is the land classification for Andi Gounder Street?

Andi Gounder Street is classified as Residential Class II Type - II, which is important for determining its usage and potential development.

What are the registration fees for property in Andi Gounder Street?

The registration fees for property in Andi Gounder Street include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Andi Gounder Street?

The Coimbatore South Joint 1 Sub Registrar Office handles the registration for Andi Gounder Street, located at No.410a, Raja Street, Coimbatore-641001.